Lakes de Winecy is cons dering expanding its winemabing opecations. The expansion will require new equ pqeent costing $708,000 that woukd be depreciated on a straight-line basis to a zeso batance over the four year life of the project. The equinment can be sola for $220,000 affer the four years. The project ifgures $46.000 initsally for net working capsial, all of which wit be recouped at the end of the project. The projected opetating cash fiow is 5211.500 a yout. What is the net present vatue of this project if the relevand discount rafe is 13 percent and the tax tate is 21 percent? Mischectioice 570004 34.3004 1. -1290tide 1130544